[U.S. Stock Market] Trump: Considering restarting the "Freedom Plan," not limited to escort ships passing through the strait | Micron previously rose 9% to new highs (updating continuously)

U.S. President Trump said on Monday (the 11th) in an interview with Fox News that he is considering restarting the “Project Freedom” that was briefly implemented last week, but this time the scope will be expanded and no longer limited to escorting ships through the Strait of Hormuz. Additionally, he stated that he has not yet made a final decision on restarting the plan.

Trump announced this plan for the first time last week, but then paused it during peace negotiations with Tehran.

Pakistan emphasized that it will continue efforts to break the deadlock in negotiations between Iran and the U.S., and also stated that there is no “imminent danger” of war between the U.S. and Iran. Iran reiterated that it is ready to reopen the Strait of Hormuz if the U.S. ends its blockade of its ports.

After President Trump rejected Iran’s proposal, the market continued to watch the developments of the U.S.-Iran situation. According to Iran’s semi-official Tasnim News Agency, Iran’s homemade mini submarine class (Ghadir class) “Ghadir” is acting as the “invisible guardian” of the Strait of Hormuz. The report states that the submarine is designed for shallow waters in the Persian Gulf and the Strait of Hormuz, and has now become a strategic weapon. However, it did not cause significant market fears.

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U.S. stocks fluctuated, with the Dow rising 23 points to 49,633, the S&P 500 up 0.3% to 7,418, and the Nasdaq up 0.2% to 26,298.

Oil prices rose about 1%, with New York futures up 0.9% at $96.28, and Brent futures up 1.7% at $102.98.

Gold prices increased by 0.5%, with spot gold at $4,738.

Focus stocks: chip memory stocks continued to attract capital, with Micron (US: MU) rising 9% to a new high of $818.67; Intel (US: INTC), which also hit a new high, reached $132.75, nearly doubling since April.

In earnings news, Circle (US: CRCL) will announce its earnings after the market closes.

Morgan Stanley said the oil market is “racing against time,” with investors expecting the Strait to reopen. As a result, crude oil futures have not broken through the 2022 highs. However, if the blockade in the Strait of Hormuz continues until June, beyond what China or the U.S. can bear, the market could tighten again.

The bank’s baseline forecast is that the Strait of Hormuz will reopen before the U.S. needs to restrict exports and China needs to curb imports. But if supply continues to be blocked and the blockade persists until the end of June or even July, Brent crude oil may face pressure and could rise.

Hong Kong stocks and ADR markets are continuously updating; see the next page for details.

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Market in real-time:

【23:03】Trump: Considering restarting “Project Freedom,” not limited to escorting ships through the strait | Micron rose 9% again to a new high

【21:30】Memory stocks rebounded against the trend, Micron once rose 9% to a new high; Dow fell 20 points, Nasdaq down 0.2%, oil prices up 2%

【19:00】Iran proposed to Trump to “not receive goods,” Dow futures fell 65 points, Nasdaq down 0.1%, oil prices up 3%

【15:03】Dow futures down 79 points, at 49,612; S&P futures down 9 points, at 7,410; Nasdaq futures down 26 points, nearly 0.1%, at 29,306.

【15:03】Oil prices up 3%, New York futures up 3.8% at $99.07, Brent futures up 3.5% at $104.8. Gold prices: NY spot gold down 1% at $4,681, spot gold down 0.8% at $4,677.

【15:03】【U.S. interest rates】Goldman Sachs: Inflation is more stubborn than expected, delaying Fed rate cut forecast to December this year

【14:39】【Iran crisis】Citi: U.S.-Iran negotiations deadlock may push oil prices higher; maintaining Brent forecast of $120 for the next three months

【13:52】【UBS】UBS Asia Investment Forum expected to attract over 6,000 participants; main theme “Investment Strategies in a Changing World”; will star athletes sit in?

【13:45】【Gold price trend】Gold drops 1% through $4,700 level; Trump rejects Iran’s proposal (updating continuously)

【13:18】【U.S. IPO】Nvidia (US: NVDA) rival Cerebras reportedly plans to raise its IPO price again, with a fundraising target of $4.8 billion; Dunkin’ parent company secretly applying for listing

【13:16】【Korean stocks hit new highs】KOSPI briefly triggered a circuit breaker; Goldman Sachs raised target to 9,000 points, JPMorgan sees 10,000 points; SK Hynix surges 11%, rising 30% to break the 100 yuan mark at 7,709

【12:47】【Yen trend】Japan’s intervention appears effective, with yen short positions greatly reduced; 100 yen to HKD 4.98

【12:12】【U.S. interest rates】Challenge to Wosh: “AI-driven rate cuts”; Fed officials Goolsbee warns: AI hype intensifies, making rate cuts more difficult

【11:48】【AI+Market cap】Alphabet’s market cap approaching Nvidia’s; is it reasonable to replace the “big brother”?

【10:31】【AI+Bonds】Alphabet reportedly plans to issue yen bonds for the first time to accelerate AI race funding

【09:49】【U.S. interest rates】Pimco investment chief: Fed rate cuts will be “counterproductive”; Iran war may cause the Fed to reverse course and hike rates

【08:25】【Xi-Trump meeting】Trump to arrive in Beijing Wednesday; talks with Xi Jinping on Thursday and Friday; expected to discuss Iran, AI, nuclear issues

【06:37】【Iran crisis】Iran’s Supreme Leader issues a statement on ten strategic points in the Strait of Hormuz

【06:10】【Iran crisis】Trump: Iran’s response is “completely unacceptable”; oil prices rise again (updating continuously)

【06:00】【Weekly outlook】Focus on U.S. inflation data this week; April CPI expected to rise 3.7% year-on-year

【06:00】U.S. and China leaders to meet; market still hopeful for positive news from U.S.-Iran negotiations. The Dow rose 12 points last Friday to 49,609, the S&P 500 up 0.84%, and the Nasdaq up 1.71%.

See the U.S. stock market close:

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Last week’s U.S. stock market activity, details at: 【U.S. Market Close】 Nasdaq up 1.7%, S&P hits new high, Intel surges 14%, Iran claims ship attacked by U.S. military

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